Thursday, February 2, 2012

Why the U.S. Should Get Rid of the $1 Bill

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Paper Dollar bill"Psst! Hey, buddy -- want to earn a dollar? How about 5.5 billion of 'em?"

According to the nonpartisan Government Accountability Office, if America gets rid of its $1 bill and replaces it with a dollar coin, the U.S. will save $5.5 billion on printing costs over the next 30 years.

Do the math. Putting a dollar coin in your pocket could save us $183.3 million a year. That's enough money to:

  • Buy two extra Lockheed Martin F-35 fighter jets a year.
  • Build a bridge most of the way to...

Why the U.S. Should Get Rid of the $1 Bill originally appeared on DailyFinance.com on 2012-02-02T07:00:00Z.

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